CFLT - Why Confluent Stock Popped Today
Investors drove Confluent (NASDAQ: CFLT) stock higher today after the data-streaming platform company reported second-quarter results that outpaced Wall Street's consensus estimates. The tech stock was up by 11.5% as of 3:51 p.m. ET.
Confluent's sales increased 58% from the year-ago quarter to $139 million, blowing past analysts' average estimate of $131.8 million for the quarter. The company's non- GAAP loss per share of $0.16 was also an improvement over a loss of $0.31 in the year-ago quarter and ahead of Wall Street's consensus estimate of a loss of $0.19.
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Why Confluent Stock Popped Today